Hon. Lionel Chevrier (Minister of Transport):
Mr. Speaker, I wish to draw the attention of the house to the fact that, effective May 1 last, a reduction of 33J per cent has been made in the scale of minimum additional premiums on hull insurance rates on ships trading between Churchill, Manitoba, and the United Kingdom. This is additional to a reduction of 25 per cent which was made last year.
These reductions have resulted from representations made by my department to marine underwriters organizations in London through the commonwealth shipping committee. Further representations will be made by my department with a view to the extension of the navigation period in which the minimum additional premiums will apply on the Churchill-United Kingdom route.
I think I am fully justified in saying that Canada is appreciative of the representations made on its behalf by the commonwealth shipping committee.
Subtopic: HUDSON BAY ROUTE
Sub-subtopic: ADDITIONAL PREMIUMS